Aeroplan to acquire Nectar Program Operator, LMG,to create the global leader in loyalty management
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Aeroplan Income Fund "Aeroplan" (TSX: AER.UN), Canada's premier loyalty
marketing company, announced on December 3, 2007 that it has entered into a
definitive agreement to acquire privately-held LMG for a purchase price
of £350 million (Cdn$717.5 million) plus working capital
adjustments of £18 million (Cdn$36.9 million) for total
consideration of £368 million (Cdn$754.4 million).
The purchase
price is subject to a holdback in the amount of £31.6 million
(Cdn$64.8 million), the future payment of which is subject to the
outcome of the company's outstanding Value Added Tax (VAT) litigation.
This transaction is expected to close by the end of the year. LMG is
being acquired from Sir Keith Mills (Chairman of LMG), global private
equity investor Warburg Pincus and the management team.
For more, read this
In a recent news, its announced that the deal is completed.. Read more
+Aeroplan Income Fund "Aeroplan" (TSX: AER.UN), Canada's premier loyalty
marketing company, announced on December 3, 2007 that it has entered into a
definitive agreement to acquire privately-held LMG for a purchase price
of £350 million (Cdn$717.5 million) plus working capital
adjustments of £18 million (Cdn$36.9 million) for total
consideration of £368 million (Cdn$754.4 million).
The purchase
price is subject to a holdback in the amount of £31.6 million
(Cdn$64.8 million), the future payment of which is subject to the
outcome of the company's outstanding Value Added Tax (VAT) litigation.
This transaction is expected to close by the end of the year. LMG is
being acquired from Sir Keith Mills (Chairman of LMG), global private
equity investor Warburg Pincus and the management team.
For more, read this
In a recent news, its announced that the deal is completed.. Read more
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